|
|
Monday, July 28, 2014 | Turnaround Management Association | turnaround.org
|
|
|
|
|
Chapter President Spotlight
Michael Sloan, TMA Australia Chapter President
 What makes your chapter great?
From accountants to bankers, lawyers to hedge funds, we have involvement of all participants in a turnaround/restructuring involved in our chapter.
Why or how did you get involved in TMA?
An email came in from a key workout banker whilst I was on honeymoon asking me to join and for some ideas on how to improve TMA events. Much to the annoyance of my wife, I replied...
What's the most significant trend or event happening in the turnaround and restructuring industry?
The maturing of the market in Australia for distressed investing. We started a long way back due to years of uninterrupted economic growth.
What would someone who only knows you professionally be surprised to learn about you?
I was bestowed with a name in Maori by a tribe that I did work for: "Te Kotuku Rerenga Kotahi." Translated, it means the White Heron who flies in a singular path.
Michael Sloan is a partner at Ashurst LLP in Melbourne, Australia.
|
|
|
Expand Your Professional Reach at The TMA Annual
The TMA Annual takes place 29 September - 1 October at the Westin Harbour Castle in Toronto, Ontario, Canada. This global event offers unique networking opportunities for turnaround and restructuring professionals with more than 700 anticipated attendees from Canada, the U.S., and around the globe.
The time is now to make new connections and expand your professional reach across the border and around the world. Register today.
|
|
|
Chapter President Spotlight
Fedra Valencia, TMA Spain Chapter President
 What makes your chapter great?
We are a new but dynamic chapter with many wishes and goals to carry out new projects. We have restructured the committees to promote the participation of our members.
Why or how did you get involved in TMA? What have you gotten out of your involvement?
I am one of the founding members of TMA Spain, which is the first association in Spain dedicated to professionals engaged in turnaround. My involvement in TMA has given me the opportunity to meet a lot of great professionals and share with them experiences and find solutions to common problems.
What's the most significant trend or event happening in the turnaround and restructuring industry?
The Spanish Insolvency Law approved in 2003 has undergone two serious modifications in 2009 and 2011, and it is about to be changed again. The first advance of the reform is already in force and promises to provide new tools to carry out the restructuring of companies.
Fedra Valencia is a member at Cuatrecasas Gon�ales Pereira in Madrid, Spain.
|
|
TMA Europe Distressed Investing Conference
Turnaround professionals from across Europe will be gathering in London for a leading industry event focusing on distressed investing. The third annual TMA Europe Distressed Investing Conference takes place Tuesday, 23 September. The conference is being held at Ernst & Young, 1 More London Place, from 4:00 p.m. - 8:00 p.m. Learn more and book online.
Leading experts will deliberate distressed loan portfolio opportunities and risk. Lively debates are promised with two panels exploring key issues including pricing, valuations, workouts, and pressures.
Lukas Fecker, of Ernst & Young Luxemburg and a member of TMA Europe's board, is one of the panelists who will be exploring sell side issues in the context of banks deleveraging their balance sheets, and workout of distressed and underperforming loans internally being moved to funds by sell-off debt portfolios.
Fecker said, "We will be looking at who is selling and what are they selling? How are debts being packaged and how is the sale process conducted, and what are the implications for turnaround and restructuring professionals? We will also be discussing whether the Asset Quality Review required by the European Union will accelerate this process and whether this will add transparency to what has been a sometimes opaque and subjective process of valuation."
Other panelists confirmed so far include John Willcock of Global Turnaround, Mathieu Roland-Billecart of Ernst & Young, and Susan Kelly of Squire Patton Boggs.
There will be a second panel debate looking at buy side topics as well as plenty of networking opportunities to enable delegates to catch up with colleagues from across the continent.
Fecker said, "Understanding what is becoming the 'new normal' in restructuring will be fundamental to the turnaround business in the coming months and years, so take this opportunity to add to your knowledge from some of the main players in the market."
|
|
TMA UK and EACTP Join Forces to Offer Money-Saving Membership Incentive
 TMA UK and the European Association of Certified Turnaround Professionals (EACTP) have teamed up to launch a special incentive offering substantial savings for people who apply to join both organizations.
The offer gives potential applicants the chance to join both TMA UK and EACTP, and to attend the TMA UK Annual Conference in London in November, all for �1,000 - a savings of nearly �700.
Learn more about this offer from TMA UK and EACTP.
|
|
TMA Europe Awards Celebrate Turnaround Management
Two outstanding examples of turnaround management have been recognized by TMA Europe.
The winners of Turnaround Management Association Europe's third annual Turnaround of the Year awards were picked from a record number of entries and announced at the TMA Europe Annual Conference in Munich in June.
The award for the Turnaround of the Year in the small company category went to six TMA members in the Czech Republic for their work on Bestsport. The six were Petr Smutny (PwC), Jan Hrazdira (HKDW Legal), Tomas Richter (Clifford Chance), Jindrich Arabasz (Clifford Chance), Radim Base (PwC) and Libor Doudera (HKDW Legal).
The winner of the large company category was Houlihan Lokey for its work with SolarWorld AG in Germany. The members of the team involved in the turnaround were Ansgar Zwick, Niklas Lerche, Michael Schober, Bastian Lindner and Benjamin Laufer.
Read more about the TMA Europe Turnaround of the Year Awards.
|
|
Upcoming Chapter Events
Thursday, July 31
|
|
Welcome Newcomers
TMA extends a warm welcome to the newest members. A few new members are featured below. See the full list.
Mark Addison, Dibbs Barker (TMA Australia)
Tino Bauer, GA Europe (TMA United Kingdom)
Jeremy Chase, Herbert Smith Freehills LLP (TMA Singapore)
Brett Cook, Clayton Utz (TMA Australia)
Marwan Hanif, MHF Advisory (TMA Singapore)
Pedram Kaya, BMO Harris Bank (TMA Toronto)
Stuart G. Ladd, Collins Barrow (TMA Montreal)
Patrich Lynch, KPMG (TMA Australia)
Darren Stacey, Suncorp (TMA Australia)
Peter Stevens, American Appraisal (TMA United Kingdom)
|
Recent Deals, Transactions, and Other News
-
Monroe Capital Provides $14 Million Senior Secured Credit Facility to Starpoint Health, Inc. (more)
-
Donlin, Recano & Company Hires Mike Wyse as Executive Director (more)
-
North Mill Capital LLC Announced Funding of $1 Million Accounts Receivable and Inventory Credit Facility to a Distributor of Souvenirs Located in Massachusetts (more)
-
Matrix Serves as Financial Advisor to Guttman Energy, Inc. on the Successful Sale of its Columbus, OH Based Propane and Lubricants Division (more)
-
FirstMerit Bank Business Credit Announced it Closed a New $8,500,000 Revolving Credit Loan Facility to Roosevelt Capital LLC (more)
-
MB Financial Receives OCC Approval for Pending Merger (more)
-
Cole Taylor Business Capital Provides $14 Million Recapitalization for Great Western (more)
|
View additional member deals and transactions.
To share your organization's news, email us.
|
|
|
|
|
|
TMA Global Events
| |
September 29 - October 1
The 2014 TMA Annual
Toronto, Ontario
February 11-13, 2015
TMA Distressed Investing Conference
Las Vegas, Nevada
|
|
Journal of Corporate Renewal
Download the July/August issue of JCR, now available online and as an app for your tablet or phone.
| |
|
|
 TMA Weekly Report is the official weekly newsletter of the Turnaround Management Association, the leading organization dedicated to corporate restructuring, turnaround management, and distressed investing. Established in 1988, TMA has more than 9,300 members in 49 chapters around the world.
To sponsor TMA Weekly Report, please contact Suzie Smith at ssmith@turnaround.org or 410-584-1975. |
|
|
|
|
|
